MoneyWorks4Me

Suzlon Energy bags new orders of 85 MW in India

10 Aug 2011 Evaluate

Suzlon Energy, India’s wind turbine manufacturer has bagged cumulative new orders of 85 MW (megawatt) in India. These new orders are from a broad range of customers in corporate, PSU and small/ medium business segments. The key customers who have placed the order include Gail India- Asia’s leading gas utility company and Navaratna PSU of the Government of India.

The 14.7 MW order from GAIL comprises of seven units of Suzlon’s S88-2.1 MW wind turbines, to be commissioned in Gujarat within six months from the date of the order. This is the second wind energy project order placed by GAIL and Suzlon. Other key customers who have placed order include Khatau Narbheram & Company, Oswal Group, KBBL and Varun Industries.

Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Peers
Company Name CMP
Waaree Energies 2627.50
Apar Industries 17496.15
Havells India 1114.80
Suzlon Energy 44.16
Siemens 3960.90
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